Future Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
CRUDE OIL Jun 2022 (NYMEX:CL.M22)
Strong Uptrend (+100) - CL.M22 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.M22 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CL.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M22
The long-term trend has been UP since Dec 16th, 2020 at 46.17
The intermediate-term trend has been UP since Nov 10th, 2020 at 43.79
The short-term trend has been UP since May 9th, 2021 at 60.82
Smart Scan Analysis for CL.M22
Based on our trend formula, CL.M22 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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